The Central African Republic has gone ahead of Kenya and Nigeria to embrace the use of Bitcoin.
Bitcoin is now a legal tender in that country.
Recall that previously, El Salvador is the only country that officially uses Bitcoin as a legal tender in the world. But uptake of the cryptocurrency has been modest in that country.
Central African Republic believes that with the use of Bitcoin, it can solve currency and exchange rate challenges.
So now, business people will be relieved from having to carry CFA francs around, hoping to convert these into dollars or other currencies to make purchases abroad.
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